The government has previously granted one license for Incheon, last year, to Korean casino operator Paradise. Paradise has already broken ground on a $1.7 billion project adjacent to the airport, and has investment from a group led by Caesars Entertainment.
Meanwhile, other bidders for the licenses are beginning to emerge. Hong Kong billionaire Cheng Yu-tung has pledged to spend $1.6 billion for an Incheon integrated resort, and Bloomberry Resorts, owner of Manila’s Solaire Resort and Casino, recently bought an entire island near Incheon.
Mohegan Sun’s partnership with Incheon International Airport Corp., however, may give it a vital leg-up against the competition.
